Schapiro to Step Down at SEC; Walter to Fill Post [WSJ]
The 401(k) Is a $240 Billion Waste [Atlantic]
FASB, IASB tentatively change revenue recognition constraint [JofA]
UK accountancy regulation ‘toothless’ [FT]
How Can 98 Percent of Us be Middle-Class? [TaxVox]
The Astounding Story Of How A Car Worth $600 Racked Up Over $100,000 In Parking Tickets [Jalopnik]
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Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]
Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]
